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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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Dec 30, 2012
12/12
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cliff deal. he is was on meet the press. republicans weren't happy with that appearance because he they felt he was blaming them. new development in the last hour or two, vice president biden has come back from delaware. he is now here at the white house. he has had two phone calls with mitch mcconnell. in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the whole thing about changing cpi and reining in cost of entitlements, republicans are judging in on that. take a listen. >> one of proposals we made was something called change cpi but basically makes an adjustment in terms of how inflation is calculated on social security. highly unpopular among democrats not something supported but to strengthen social security in the long time i'm willing to make those decisions. >> reporter: in the morning, the president seemed to be opening the door to rein in those entitlem
cliff deal. he is was on meet the press. republicans weren't happy with that appearance because he they felt he was blaming them. new development in the last hour or two, vice president biden has come back from delaware. he is now here at the white house. he has had two phone calls with mitch mcconnell. in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the...
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Jan 1, 2013
01/13
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the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert who is on the hill and where things stand. first, let's listen into the start of this session. >> the speakers are in washington d.c., january 1, 2013. i hereby hereby appoint the honorable robert j. dole to act as speaker in temporary on this day, signed john a. boehner, speaker of the house of representatives. >> the prayer will be offered by our chaplain father conroy. >> let us pray. eternal god,
the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will...
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Jan 1, 2013
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>> susie: on wall street traders popped open the champagne on hopes a fiscal cliff deal was imminent. big board volume climbed to 730 million shares. six stocks were up for each one that was down. over on the nasdaq volume was more than twice as heavy at 1.5 billion shares. on the sector front, we saw gains of at least 2% in technology, energy and materials related stocks. financials were the strongest group this year, rising over 26%. consumer discretionary stocks advanced over 20% as well. while the defensive health care group added 15%. those banking shares got an added boost today on word that banks could soon reach a $10 billion settlement with u.s. regulators over foreclosure abuses. the biggest winner on word of a potential settlement, bank of america. its shares added a quarter, to $11.60. it was the biggest winner on the dow this year. some positive analyst comments on facebook sent shares higher. b.m.o. capital says it's doubling its price target to $32 a share. it says facebook may benefit from a pick up in ad spending. facebook added $0.70 to $26.60. it looks like apple's
>> susie: on wall street traders popped open the champagne on hopes a fiscal cliff deal was imminent. big board volume climbed to 730 million shares. six stocks were up for each one that was down. over on the nasdaq volume was more than twice as heavy at 1.5 billion shares. on the sector front, we saw gains of at least 2% in technology, energy and materials related stocks. financials were the strongest group this year, rising over 26%. consumer discretionary stocks advanced over 20% as...
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Dec 30, 2012
12/12
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>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giv
>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and...
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Dec 26, 2012
12/12
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starbucks pushing congress to reach a deal on the fiscal cliff. wait until you hear about what they're doing to send encouraging notes to our elected leaders. are you optimistic that congress will meet a post-christmas fiscal cliff deal? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> so as newtown, connecticut, recovers from the tragic shooting, police are across new england stepped in to give officers at the town's police department a day off to spend time with their families and that christmas is one of the millions the town received from all over the world after 20 children and 6 educators died in the massacre. and with students across the u.s. enj
starbucks pushing congress to reach a deal on the fiscal cliff. wait until you hear about what they're doing to send encouraging notes to our elected leaders. are you optimistic that congress will meet a post-christmas fiscal cliff deal? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news....
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Jan 1, 2013
01/13
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the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other deadlines. >> it's no joke. we have gone to the brink on each one of those three things. >> that's the way we do it now. we wait until the absolute last minute to get things done. >> let me give you the glass half full here. we are in -- >> half full of champagne. >> we're in an environment of risk, we're not making it worse type environment. we're doing things to embrace the deficit and the debt. slowly but we're doing it. >> the problem not having a budget really is fundamentally a problem. the government does all sorts of things, passes all sorts of resolutions whether you like th
the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other...
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Jan 1, 2013
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the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle class families. this legislation does this. >> this shouldn't be the model of how we do things around here. but i think we can sigh we've done some good for the country. >> if it passes the house, here is what the plan means for you and your family. bush era tax cuts would stay in place for individuals earning less than $400,000 a year and couples earning less than $450,000. unemployment benefits for 2 million americans would be extended f
the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate...
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Jan 1, 2013
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rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer one pill each morning. 2hours. zero heartburn. satisfaion guaranteed or your money back. heather: welcome back and happy new year. thousands of people welcoming in 2013 in key west, florida, with the drop of a shoe. take a look at this. have you heard about this tradition? the annual drag queen drop, yea
rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a...
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Dec 31, 2012
12/12
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despite encouraging signs, there's still no final fiscal cliff deal. e mamon javers is on capitol hi working the phones. what are you hearing about the president's remarks we heard earlier where he promised to puch more more revenues later on. i would imagine it would have rankled a few republicans. >> that's right. john mccain said he was upset the president took to strong tone in his remarks today. he said it was not helpful to the negotiations going on here at the capitol. but then we had mitch mcconnell go to the senate floor and propose something unexpected and interesting. take a listen here to exactly what mitch mcconnell had to say. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place in about ten hours. >> now, that comment had eyebrows raised all across capitol hill as people said wait a second, what's mcconnell doing supporting separating the tax negot
despite encouraging signs, there's still no final fiscal cliff deal. e mamon javers is on capitol hi working the phones. what are you hearing about the president's remarks we heard earlier where he promised to puch more more revenues later on. i would imagine it would have rankled a few republicans. >> that's right. john mccain said he was upset the president took to strong tone in his remarks today. he said it was not helpful to the negotiations going on here at the capitol. but then we...
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fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more innovative. we're into the marketplace we have new products. we have lactose-free milk, low-fat, low sugar flavored milks. that is exactly what you're going to do now. what do you want a as consumer. we'll take care of you. juliet: house speaker john boehner has pushed back voting a new five-year farm bill for months saying it doesn't have the support it needs to pass. >>> brian, what's going on over there, buddy? brian: well, i'll trying to help a lot of american people. are you physicianed and faded out today because of wild new year's eve. do you feel you're h
fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more...
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Dec 30, 2012
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and even your cup coffee, once a deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of partisanship to their drink orders and r remind customers i our nation's capital to come together. >> wall street is typically quiet her this time of year, of course, this last week of 2012 was marked by investinor concer over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy resolution, i think it bodes really well for global markets. if we wind up going into fiscal cliff and the world loses any faith in our government to accomp
and even your cup coffee, once a deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of partisanship to their drink orders and r remind customers i our nation's capital to come together. >> wall street is typically quiet her this time of year, of course, this last week of 2012 was marked by investinor concer over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money?...
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Dec 30, 2012
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not all deals are created equal. we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the course of a year. >> the final one, we are talking debt ceiling. you think the fiscal cliff thing is bad for the economy. you wait and see if they can't get the debt ceiling worked out. >> right. it's one thing to go over the fiscal cliff. that would be bad. we don't want to it happen. a recession may happen. it would be unfortunate. it's different than the u.s. defaulting on the debt. you know, we saw that back in august, 2011, we saw the downgrade of the credit rating. just by having the threat of not approving the debt ceiling increase and the possibility of defa
not all deals are created equal. we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the...
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Dec 26, 2012
12/12
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and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a deal does come through, it -- more likely will not be comprehensive, right? there's going to be a lot of negotiating that occurs after the first of the year. i guess my question to you is, does this leave the markets open to turmoil and more volatility as we head into january? >> the markets are going to be left open to turmoil and volatility, period. what we've seen is that despite the stakes getting higher, this isn't a game of poker but one of go fish. and no one seems to be fishing their wish. republicans are working with a weaker hand because they have to do a deal that involves a greater democrat
and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a...
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Jan 1, 2013
01/13
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cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed there. in syria, elite troops, along with tanks, battled to dislodge rebels from a key southern suburb of damascus. the area is within firing distance of major government sites in the capital. amateur video also showed the aftermath of what appeared to be air strikes in the northeastern suburb of douma. the attacks toppled buildings and sent civilians fleeing. celebrations began today as the new year, 2013, dawned around the globe. we have a report from richard pallot of independent television news. . >> h
cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed...
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Dec 28, 2012
12/12
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and can lawmakers prevent an economic crisis by agreeing on a fiscal cliff deal? darren gersh reports. >> reporter: here is a measure of how bad things are now in washington. markets rallied on news the house will come back to work on sunday, even though there is no solution ready for lawmakers when they return. and in the senate, which is back at work, republican leader mitch mcconnell warned he would not write a blank check to the white house, though he said he would keep an open mind on anything the president proposes. >> it appears to me the action, if there is any, is now in the senate side and we'll just have to see if we're able, on a bipartisan basis to move forward. >> reporter: senate majority leader harry reid said he too would try to reach agreement. but that was after spending most of the day hammering away at house republicans. reid blamed the current stand off on the inability of house republicans to pass their own plan which would have extended tax breaks for everyone making less than a million dollars a year. >> it's the mother of all debacles. th
and can lawmakers prevent an economic crisis by agreeing on a fiscal cliff deal? darren gersh reports. >> reporter: here is a measure of how bad things are now in washington. markets rallied on news the house will come back to work on sunday, even though there is no solution ready for lawmakers when they return. and in the senate, which is back at work, republican leader mitch mcconnell warned he would not write a blank check to the white house, though he said he would keep an open mind...
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Dec 30, 2012
12/12
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democrats and republicans are unable to make a deal to avoid the fiscal cliff. let's get political insight on the recent setback on the fiscal cliff discussions. i'm joined by richard good stein and robert trainm. a former communications director for rick santorum. talks have broken down for the moment. what do you think is going on behind closed doors right now on capitol hill? >> i think a lot more is going on than we know. i think the staff as well as perhaps maybe leader mcconnell and vice president biden and the administration are probably trying to hammer out some type of a deal here. i know there is consternation about the chain cpi. the president said even though this is unpopular i am willing to talk a little bit about chain cpi. now that the president said this let's talk about this and try to compromise here. >> there have been several phone conversations today between senator reid and president obama. what is your take on the white house involvement? >> well, look, obviously the white house is pivotal here. i mean, the president litigated all of thes
democrats and republicans are unable to make a deal to avoid the fiscal cliff. let's get political insight on the recent setback on the fiscal cliff discussions. i'm joined by richard good stein and robert trainm. a former communications director for rick santorum. talks have broken down for the moment. what do you think is going on behind closed doors right now on capitol hill? >> i think a lot more is going on than we know. i think the staff as well as perhaps maybe leader mcconnell and...
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Dec 26, 2012
12/12
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i know i was tough, the biggest deal. the fiscal cliff killed us. retailers went deep on profession and they said, no. i thrill city nyse's will be bert. >> do you think it's getting better in 2013, bert? >> 2013 starts the retail ice age and maybe the 500 to 1,000-day retail recession. shopping centers, malls-based, starting to refinance some of them will create record vak kiss on the laws. >> which stocks specifically are going to suffer in home depot, radio shack, possibly shorts authority, some of the other office supply category killer stores. >> let me go in mr. glass half hull. anybody coming through had. as mentioned referenced so well. you also have you are even outfitters tutting it on ol centr retailers who have not reinvested back in the business are secularly having the shoppers shift away from them. they are going to have a tougher time. >> i think it's too late to save herb greenberg's bet with brian sullivan for this year, but you were on our show just recently, and you've turned positive for j.c. penney. >> i was a lot more positive
i know i was tough, the biggest deal. the fiscal cliff killed us. retailers went deep on profession and they said, no. i thrill city nyse's will be bert. >> do you think it's getting better in 2013, bert? >> 2013 starts the retail ice age and maybe the 500 to 1,000-day retail recession. shopping centers, malls-based, starting to refinance some of them will create record vak kiss on the laws. >> which stocks specifically are going to suffer in home depot, radio shack, possibly...
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Dec 27, 2012
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no fiscal cliff. >> we have to work it out. we are hopeful we can get that done.sa eric: speaker john boehner came up with $800 billion, saying it is all mine. that doesn't seem like a fair negotiation. w >> the problem is that the speaker has indicated before weo broke that he had votes, his plan be. the speaker said i have the votes. we were on the floor of the house waiting for the vote to happen, waite we did it to see e place and we t heard word theyt would be no more votes, the speaker didn't have the votes. i talked to a number of my colleagues, they're very upset their college who did not support the speaker. s eric: fair enough, they made a mistake. escobar to what plan they actually was. actually was. schumer plan but said tax people making over a d million dollars. it is basically in essence that plan all of a sudden they don't. want that one either. if you pass this thing, we will not move. >> during the campaign it was $250,000. it was hiss position. he showed a willingness to move. the speaker to his credit wouldn
no fiscal cliff. >> we have to work it out. we are hopeful we can get that done.sa eric: speaker john boehner came up with $800 billion, saying it is all mine. that doesn't seem like a fair negotiation. w >> the problem is that the speaker has indicated before weo broke that he had votes, his plan be. the speaker said i have the votes. we were on the floor of the house waiting for the vote to happen, waite we did it to see e place and we t heard word theyt would be no more votes,...
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that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are saying we've seen how difficult it is to do these deals. look at what happened with greece, with bailouts, with sovereign debt crises, with the euro zone. it was only at the very last possible minute that compromise was reached, that the big bargain was done. and if you look at the united states, even at a time of, a moment when really both sides needed to do more than the minimum, the markets will be saying they failed to do so. so, yes, they will be relieved, there won't be any immediate reaction, but the markets are certainly putting the politicians on notice tha
that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are...
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Dec 27, 2012
12/12
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CNBC
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still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than fo
still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and...
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Jan 1, 2013
01/13
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CSPAN
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on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that is just one example. we've got to have oversight and planning. we've got to do something that will not have long-range negative impacts. we've got to control spending. it is not a democrat or republican gain. we have to be realistic about what we are spending our money on. host: marla in missouri. go ahead. caller: a couple of things. the last few callers are right. it is not a democrat or republican. it is the whole cabinet. the thing that gets me is that ronald reagan did are all the money from social security. i am one of those people. i'm also on social security now
on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that...
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Dec 28, 2012
12/12
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CNBC
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the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'
the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning....
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Dec 30, 2012
12/12
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CNNW
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we appreciate it. >>> there's no deal on the fiscal cliff. that we know. and many americans are not happy about it we'll hear your take on it. meanwhile, new york city is preparing for the new year's eve celebration. anderson and kathy griffin want you to get ready for our special coverage tomorrow night. we'll hear from them both. cut take a look at what joseph siegel says. >> my new year's message to washington is to secure the blessings of liberty to ourselves and posterity. invest in our children, in our schools and in our communities. raise taxes on the rich, and eliminate corporate loopholes. and do not cut social security or medicare. thank you and happy new year. >>> now, our reporters is one way we're communicating with you, facebook, a big discussion going on my facebook page. let me show awe few quotes. the first one, let the bush tax cuts expire. go back to the clinton era tax rate and watch republicans squirm. that's what benjamin bog is saying. the next one says, we need to cut entitlements and spending. and get people off government reliance
we appreciate it. >>> there's no deal on the fiscal cliff. that we know. and many americans are not happy about it we'll hear your take on it. meanwhile, new york city is preparing for the new year's eve celebration. anderson and kathy griffin want you to get ready for our special coverage tomorrow night. we'll hear from them both. cut take a look at what joseph siegel says. >> my new year's message to washington is to secure the blessings of liberty to ourselves and posterity....
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Dec 31, 2012
12/12
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CNNW
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if no fiscal cliff deal is reached, most everyone's taxes will go up tuesday with deep spending cuts kicking in. earlier i spoke with a democratic and republican strategist. they seemed to echo the sentiment of the voters. >> this is like, when you at the beginning of the year and you're in school at the beginning of the year, you get assigned a big project and you leave it until the last night. when i used to do that, my parents used to punish me. if kids were behaving the way these congress people are, they would be in the time out. if it was the public sector they would be fired. the only solution lies with us, the american people, and with us the voters demanding that they start working together and actually coming up with something. we cannot continue having these spec tackles every few months. it's like making sausage. >> can we talk about the optics of this? there are many saying this is a republican and democratic problem, we're here because republicans won't play ball. >> it's easy for me to say that, i do think that politically, the republicans will suffer more if this does
if no fiscal cliff deal is reached, most everyone's taxes will go up tuesday with deep spending cuts kicking in. earlier i spoke with a democratic and republican strategist. they seemed to echo the sentiment of the voters. >> this is like, when you at the beginning of the year and you're in school at the beginning of the year, you get assigned a big project and you leave it until the last night. when i used to do that, my parents used to punish me. if kids were behaving the way these...
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Dec 29, 2012
12/12
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MSNBCW
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less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution you're going to hear a whole heck of a lot of noise. let's get straight to washington. nbc's kristen welker at the white house and luke russert is tracking developments at capitol hill and nbc news senior political editor mark murray is here to break it down for us from the washington bureau. we will start with kristen. last we heard, kristen welker, the president came out to report that he is modestly optimistic. has the rhetoric changed at all today? >> reporter: it has changed a little bit. the president is still modestly optimistic, but i just spoke with a democratic source who tells me at this
less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution...
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Jan 1, 2013
01/13
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CNNW
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a trip over the fiscal cliff. we have already gone over. now a deal is in the works. will it have the same support in the house it got in the senate? oh! progress-oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your progress-oh! story on facebook. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. >>> check the top stories. a royal drilling unit has run aground on an uninhabted island. crews had been trying to get the rig to seattle. it went adrift off the south alaskan coast. waves as high as 28 feet made the recovery treacherous. the coast guard says there's no visible she
a trip over the fiscal cliff. we have already gone over. now a deal is in the works. will it have the same support in the house it got in the senate? oh! progress-oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your progress-oh! story on facebook. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on...
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Dec 29, 2012
12/12
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FOXNEWSW
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there is no deal yet for the fiscal cliff. but for now we have at least avoided the container cliff. 15,000 dock workers at 15 major u.s. ports and port owners agreeing to extend an expired contract for 30 days. the main issue is container royalties. the heavier the container the more dock workers get paid. owners want to cap payments. a strike would have meant higher prices on many goods like clothing, auto goods and electronic products because they would have been in short supply. emma lou harris could be in trouble with the law. tmz reports that harris is accused of hitting another car on a highway then driving off. the l.a. county d.a. is deciding whether harris will face any charges. in one was hurt. a rep for the singer says it was so minor harris didn't even know she hit the other car. and those are your headlines. >> thank you, juliet. let's talk about this story because this is outrageous. >> dave: unbelievable. >> juliet: sick. >> clayton: here is what vladimir putin did in response to the united states trying to put
there is no deal yet for the fiscal cliff. but for now we have at least avoided the container cliff. 15,000 dock workers at 15 major u.s. ports and port owners agreeing to extend an expired contract for 30 days. the main issue is container royalties. the heavier the container the more dock workers get paid. owners want to cap payments. a strike would have meant higher prices on many goods like clothing, auto goods and electronic products because they would have been in short supply. emma lou...
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Dec 30, 2012
12/12
by
KOFY
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. >> democrats and republicans are bargain to go dodge the fiscal cliff. if a deal is note struck, tax hikes and budget cuts will kick in. it seems unlikely they can write a comprehensive budget bill in time. they are thinking of a fall back plan. >> president obama is urging congress to focus. >> i'm optimistic that an agreement can be achieved. >> at the white house friday the president and congressional leaders spent some 70 minutes in a negotiating session and agreed to keep talking. >> it was constructive. >> it was constructive. >> i'm hopeful and optimistic. >> as snow fell on mostly deserted washington, two sides continued bargaining. if there some on deal, president obama wants smaller bill extending tax cuts making $250,000 or less and continuing unemployment benefits for millions that will lose them. >> i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> we can still avoid going over the fiscal cliff if the president and democratically controlled senate step forward
. >> democrats and republicans are bargain to go dodge the fiscal cliff. if a deal is note struck, tax hikes and budget cuts will kick in. it seems unlikely they can write a comprehensive budget bill in time. they are thinking of a fall back plan. >> president obama is urging congress to focus. >> i'm optimistic that an agreement can be achieved. >> at the white house friday the president and congressional leaders spent some 70 minutes in a negotiating session and agreed...
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Dec 26, 2012
12/12
by
FBC
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starbucks actually has a plan to brew a fiscal cliff deal. now in a letter to starbucks employees ceo howard schultz asked employees at its d.c. area store to write, come together, on coffee cups when serving customers thursday and friday. rather than be bystanders you and your customers have the opportunity and i believe we all have a responsibility to send our elected officials a respectful but pointed message, urging them to come together to find common ground. this is not the first time starbucks has taken a political stand. during the debt ceiling debate in august 2011, schultz made a splash calling for boycott of political contributions it u.s. lawmakers until they struck a bipartisan deal. starbucks shares at this point down slightly, 48 cents. imagine john boehner going into starbucks and they write on the cup, come together. hello. lori: boehner, this is directly to you. tracy: exactly. howard schultz is on the campaign to fix the debt. he is one of the ceos that has come out. lori: he has nothing to lose being advocate, being outspo
starbucks actually has a plan to brew a fiscal cliff deal. now in a letter to starbucks employees ceo howard schultz asked employees at its d.c. area store to write, come together, on coffee cups when serving customers thursday and friday. rather than be bystanders you and your customers have the opportunity and i believe we all have a responsibility to send our elected officials a respectful but pointed message, urging them to come together to find common ground. this is not the first time...
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Dec 28, 2012
12/12
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WJZ
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cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl who was abducted by he
cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister...
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Dec 26, 2012
12/12
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CNNW
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the fiscal cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped slightly over the last decade, according to the centerses for disease control and prevention. researchers called the decline modest but say it's encouraging. the cdc adds that part of the decrease could be attributed to awareness campaigns that encourage physical activity and healthy eating. >>> before heading back to d.c. to try to avoid heading off the fiscal cliff, president obama and the first lady kept up a christmas tradition. they visited marines at a base in hawaii thanking them for their service. mrs. obama and their daughters, by the way, won't cut short their vacation. t
the fiscal cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped...
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Dec 28, 2012
12/12
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FOXNEWSW
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we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting that he doubts that anything will get done during today's last-minute washington meeting. take a listen. >> anytime you announce a meeting publicly in washington it usually for political theater purposes. nothing good ever cops from it. there is one then you have to do in politics. if a president meets with a foreign leader you want to make sure you know what will happen at the meeting. when the president calls congressional leaders to the white house it is all political theater or they have a deal. my bet it is all political theater. gregg: senator graham warned he thinks our nation will go over the cliff and president's offer to fix it does nothing other than, quote, this
we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting that he doubts that anything will get done during today's last-minute washington meeting. take a listen. >> anytime you...
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Dec 31, 2012
12/12
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WMAR
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cliff. without a deal, taxes are set to go up on about every american. >> reporter: talks continue but this morning, still no deal. republicans and democrats nee gobuated all weekend, with the hope of passing legislation that would protect most people from a massive tax hike, set to kick in type at midnight. our top priority is make sure taxes on middle class families don't go up to hurt the economy badly. >> reporter: optimism about a deal over the weekend, when the republican leader in the senate made an offer, that all ended when senate majority leader said he couldn't present a counter proposal, in a hail mary, he phoned for help. >> i placed a call to the vice president to see if he could jump start the negotiations on his side. i'm willing to get this done. i need a dance partner. >> reporter: white house officials say vice president biden is now playing a direct role in the talks. the two partys remain at odds over the automatic across the board cuts to government programs and defense
cliff. without a deal, taxes are set to go up on about every american. >> reporter: talks continue but this morning, still no deal. republicans and democrats nee gobuated all weekend, with the hope of passing legislation that would protect most people from a massive tax hike, set to kick in type at midnight. our top priority is make sure taxes on middle class families don't go up to hurt the economy badly. >> reporter: optimism about a deal over the weekend, when the republican...
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Dec 31, 2012
12/12
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>> they're looking for a deal to be done that averts the worst effects of the fiscal cliff. always remembering that there will be some form of spending cuts and tax rises in the united states. but nothing like the grinding austerity that would be imposed on the u.s., and by definition and extension, the rest of the world, if the u.s. goes over the cliff. put it in context. this year the eurozone is in recession. next year recessions likely, growth just about possible. in that scenario for the largest trading partner to have a fiscal retrencherant, a slowdown of the magnitude of the cliff, ali, is pretty dramatic and drastic for everybody else watching. >> richard, there's a chance there could be a boomerang effect. the united states may grow, let's say 3% for argument's sake in 2013. that is going to be healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth
>> they're looking for a deal to be done that averts the worst effects of the fiscal cliff. always remembering that there will be some form of spending cuts and tax rises in the united states. but nothing like the grinding austerity that would be imposed on the u.s., and by definition and extension, the rest of the world, if the u.s. goes over the cliff. put it in context. this year the eurozone is in recession. next year recessions likely, growth just about possible. in that scenario for...